Business Overdraft

Business Overdraft

Overdraft facility is a short-term financing tool designed for all the clients who demand short-term funds in order to cover the liquidity needs on a revolving basis.

The target group: Includes existing credit customers which arrears less than 30 days, new credit customers with minimum 2-years existing as operational customers at BKT or new potential customer with good financial positions.

General Conditions:

  • Loan Maturity - Maximum 12 months (Renewable upon Bank Approval Authorities).
  • Maximum Amount - Up to 40% of annual credits and max 30% of annual turnover. In cases where the customer has only Overdraft in BKT, the maximum limit can go up to 40% of the annual turnover.
  • Method of payment - Monthly interest rates and at maturity principal is paid.
  • The guarantee used is the real estate mortgage.